Deals & Cases

Allied Irish Banks Acquires Stake in Bulgarian-American Credit Bank


 Borislav Boyanov & Co. advised Allied Irish Banks, plc., Ireland’s leading banking and financial services organization, on the acquisition of a 49.99% interest in the Bulgarian American Credit Bank AD (BACB – a specialist provider of secured finance to small and medium sized companies in Bulgaria) from its majority shareholder, the Bulgarian-American Enterprise Fund (for a price in excess of 215 million Euros).

The firm also represented AIB in the merger clearance procedure to acquire sole negative control over BACB as a result of the transaction, as well as on regulatory clearance from the Bulgarian National Bank.